EDITOR'S LETTER
Jul 01, 2002
Coast to coast luxe — From New York to L.A. and in between, luxury retailers are getting their houses in order...
Correction
Jul 01, 2002
Heritage Property Investment Trust, Inc., was incorrectly identified on page 32 of the June 2002 issue. The correct company information is as follows:Heritage Property Investment Trust, Inc. 535 Boylston Street Boston, MA 02116 617.247.2200; 617...
The steady state of New England
Jul 01, 2002
Kohl's, Home Depot, Linens ‘N Things and Target — the tenant roster at Rhode Island's recently opened Crossings at Smithfield says a lot about the future of retail in New England. The 600,000-sq.-ft. hybrid community/lifestyle center, a...
Scrutinizing synthetic LEASES
Jul 01, 2002
By acting quickly last year, PETsMART Inc. avoided a dicey situation that could have landed the company in a financial doghouse. With the synthetic lease on a number of its properties — including its large distribution facility for the western...
Top retail contractors 2002
Jul 01, 2002
Despite some decline from the previous year, the number of new centers and stores built in 2001 reflects signs of an industry continuing to fare well in a turbulent economy, according to data collected from the 64 retail contractors that...
INDUSTRY PROS
Jul 01, 2002
Millard “Mickey” Drexler announced plans to retire from his position as CEO and president at San Francisco-based Gap Inc. The company's board of directors is currently searching for a replacement. Lynn Leonard is the new vice president...
July 1, 2002
Jul 01, 2002
Shareholders protest Konover deal
Jun 28, 2002
Konover Property Trust’s preferred shareholders are up in arms. Holders of the Cary, N.C.-based REIT’s series A convertible preferred stock are speaking out against the proposed absorption of Konover into a Kimco/Prometheus Southeast Retail Trust...
Grubb & Ellis board elects Kojaian chairman
Jun 26, 2002
Michael Kojaian, the recently elected new chairman of the board at New York-based Grubb & Ellis, has strong incentive to push the real estate services company to higher levels of profitability and efficiency. After all, Grubb & Ellis...
Insignia/ESG wins REBNY award
Jun 26, 2002
New York-based Insignia/ESG has won The Real Estate Board of New York’s Most Creative Retail Deal of the Year award...
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